PUBLISHER: SkyQuest | PRODUCT CODE: 1895569
PUBLISHER: SkyQuest | PRODUCT CODE: 1895569
Acrylic Acid Market size was valued at USD 14.47 Billion in 2024 and is poised to grow from USD 15.17 Billion in 2025 to USD 22.07 Billion by 2033, growing at a CAGR of 4.8% during the forecast period (2026-2033).
Acrylic acid is experiencing a surge in demand fueled by increased infrastructural and construction activities, as it serves as a vital component in paints, coatings, sealants, and adhesives. Its significance extends to hygiene products through ultra-absorbent polymers predominantly used in adult incontinence items, sanitary products, and diapers. The paints and coatings sector heavily relies on acrylic acid for acrylate esters, making it a leading user in that market. Additionally, consumer products, including textiles and personal care essentials, are witnessing higher consumption, correlating with rising disposable incomes. The demand for acrylic acid is further propelled by expanding end-use industries such as packaging, automotive, and textiles, particularly in developing regions characterized by rapid urbanization and industrial growth. Continuous advancements in production technology also enhance efficiency, further supporting market expansion.
Top-down and bottom-up approaches were used to estimate and validate the size of the Acrylic Acid market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Acrylic Acid Market Segments Analysis
Global Acrylic Acid Market is segmented by Type, Technology, End Use and Region. Based on Type, the market is segmented into Acrylic Esters, Acrylic Polymer, and Others. Based on Technology, the market is segmented into Propylene-based Process, Bio-based Acrylic Acid, and Acrolein-based Process. Based on End Use, the market is segmented into Surfactants & Surface Coatings, Organic Chemicals, Adhesives & Sealants, Textiles, Water Treatment, Personal Care Products, and Others. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Acrylic Acid Market
The demand for superabsorbent polymers (SAPs) is experiencing significant growth, driven by the rising global need for personal care items such as diapers, adult incontinence solutions, and feminine hygiene products. This surge in demand for SAPs is closely linked to a burgeoning population and heightened awareness regarding hygiene practices. Consequently, the acrylic acid industry is thriving, as acrylic acid serves as an essential raw material in the manufacturing process of these superabsorbent polymers. This interplay between increasing personal care product consumption and the indispensable role of acrylic acid in SAP production underscores the market's strong growth dynamics.
Restraints in the Acrylic Acid Market
The acrylic acid market faces challenges due to the use of potentially hazardous chemicals during production, raising significant sustainability and pollution concerns. Stringent environmental regulations and compliance standards in major markets may hinder market growth, especially if manufacturers struggle to adopt cleaner production methods. Additionally, the rising costs associated with adhering to these regulations can further complicate operational dynamics, limiting producers' ability to expand effectively. As the emphasis on eco-friendly practices intensifies, the need for manufacturers to navigate these complex regulatory landscapes becomes critical to ensuring both compliance and competitiveness in the market.
Market Trends of the Acrylic Acid Market
The Acrylic Acid market is witnessing a significant trend towards the adoption of bio-based acrylic acid, driven by the demand for sustainable solutions from both consumers and manufacturers. Utilizing renewable feedstocks such as maize, glycerol, and glucose, this eco-friendly alternative is gaining traction as industries prioritize environmentally responsible practices. The increasing focus on green chemistry and advancements in bioengineering technologies are key to propelling this market shift. As companies seek to lower their carbon footprints and meet regulatory demands, bio-based acrylic acid is poised to become a leading choice, reshaping the competitive landscape and fostering innovation within the sector.